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Reuters: Fed takes enforcement action against Customers Bancorp

Reuters: Fed takes enforcement action against Customers Bancorp

Odaily2024/08/08 21:19
By:Odaily
Odaily News The U.S. Federal Reserve announced that it has taken enforcement action against Customers Bancorp Inc, alleging that the bank had significant deficiencies in its risk management and anti-money laundering practices. The Fed said the enforcement action against the Pennsylvania-based bank, which provides digital asset services and a tokenized instant payment platform, stemmed from a recent Fed inspection. A spokesperson did not immediately respond to a request for comment. (Reuters)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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